Li Wenhong, China Banking Regulatory Commission: Encourage financial institutions to use new technologies such as blockchain to optimize business processes

On April 19th, Li Wenhong, director of the Business Innovation Supervision and Cooperation Department of the China Banking Regulatory Commission, published an article entitled “Deepening the Focus and Direction of Structural Reform of the Financial Supply Side”. The article pointed out that the structural reform of the financial supply side includes encouraging financial institutions to use new technologies such as artificial intelligence, big data, cloud computing, and blockchain to optimize business processes, reduce service costs, and continuously increase the coverage, availability, and convenience of financial services. degree.